Why Americans Should be Cheering the Labor Department’s Recent Move to Open 401(k) Access to Private Equity
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Last month, in a judicious move, the US Department of Labor (DOL) announced intentions to allow defined contribution plans to offer its participants exposure to private equity investment opportunities. Although democratizing access to investment products and fostering asset class diversification will accomplish more to narrow the national wealth gap and thwart a looming retirement crisis than the attempts of previous administrations, lo and behold, the DOL’s action was met with plenty of unwarranted negative press.
Why Americans Should be Cheering the Labor Department’s Recent Move to Open 401(k) Access to Private Equity
Why Americans Should be Cheering the Labor…
Why Americans Should be Cheering the Labor Department’s Recent Move to Open 401(k) Access to Private Equity
Last month, in a judicious move, the US Department of Labor (DOL) announced intentions to allow defined contribution plans to offer its participants exposure to private equity investment opportunities. Although democratizing access to investment products and fostering asset class diversification will accomplish more to narrow the national wealth gap and thwart a looming retirement crisis than the attempts of previous administrations, lo and behold, the DOL’s action was met with plenty of unwarranted negative press.